Security for third parties, without a bank guarantee.
Deposits
For businesses looking to temporarily hold funds in a segregated escrow account on behalf of a third party.
Also see: Online escrow | Payment and escrow API
Why use a deposit?
A deposit provides financial security for third parties, think of suppliers or guarantee schemes that require a bond or collateral. Certo Escrow holds the funds securely in a segregated escrow account and documents the arrangements in a deposit agreement: who can claim the funds, when, and under what conditions.
A common example is the travel industry. Travel companies participating in a guarantee fund like VZR Garant place a deposit as security. In the event of financial insolvency of the travel company, these funds are used to cover part of the travelers’ losses.
A deposit via Certo Escrow is a transparent, fast, and cost-effective alternative to a bank guarantee. Costs are significantly lower, with no lengthy application process or mandatory blocked funds at a bank.

